The company, in its statement, did not elaborate if the source had...
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Social media platforms urge Australia to delay ban on children under 16
The legislation would impose fines of up to 50 million Australian...
CCI rejects Apple’s request to put antitrust report on hold
The Competition Commission of India (CCI) in August ordered a...
General Motors follows Tesla,launches its own auto insurance
GM said it will use data from its on-board concierge device OnStar, which connects drivers to human operators who help with navigation or emergencies, but also collects precise data on driving patterns, such as hard braking and acceleration.
Nasdaq to buy financial fraud detection firm Verafin for $2.75 billion
“The problem of detecting money laundering and fraud hasn’t been solved very well yet,” Valerie Bannert-Thurner, senior vice president and head of sell-side and buy-side solutions, market technology at Nasdaq, said in an interview. “With our acquisition we are doubling down on our belief this as an area that is being disrupted and where we can have a big impact.”
Up to $2 trillion is laundered globally each year, representing up to 5% of global GDP, according to the United Nations.
Roberts to lead Global Renewable Energy biz of Marsh JLT SpecialtyLondon:
“There is renewed political will as we approach the end of 2020 to move towards greater decarbonization and more sustainable energy sources.As traditional energy companies continue to decarbonize their footprints – and market challengers seek to redefine the energy landscape – Marsh JLT Specialty’s Global Renewable Energy team will play a key role in supporting our clients and communities as they transition towards more sustainable and carbon-neutral futures,”said Roberts
New internet rules to give Pakistan blanket powers of censorship
A service provider or social media company could face a fine up to 500 million rupees ($3.14 million) for non-compliance, which would in turn trigger a mechanism preventing the uploading and live streaming, particularly related to “terrorism, hate speech, pornography, incitement to violence and detrimental to national security”.
A platform has to act within 24 hours or, in case of an emergency, six hours to remove content. The rules also empower the telecom authority to block an entire online system.
Large Boeing 737 MAX customers signal caution on orders amid COVID-19
When the 737 MAX was grounded globally in March 2019 following two fatal crashes, airlines canceled flights because they lacked enough airplanes to meet strong travel demand.
Now many have parked jets or even gone out of business in the pandemic, creating challenges for Boeing as it tries to find homes for 737 MAX jets that are built but now lack buyers.
Russian economy set to lose $45 bln to cyber crime in 2020
The coronavirus pandemic has exacerbated cybersecurity concerns as more transactions are now made online rather than with cash after lockdown measures and health restrictions reduced footfall in shops across the world.
Canada names China, Russia as main cyber-crime threats; sees risk to power supply
“We certainly have a long history of noting behavior from China that isn’t in accordance with what our expectations are,” Scott Jones, head of cyber security at CSE, told reporters.
U.S. lifts Boeing 737 MAX flight ban after crash probes, tough hurdles remain
Questions remain over how quickly other regulators, especially in China, will lift their flight bans.
The U.S. planemaker’s best-selling jet will make its comeback facing headwinds from a resurgent coronavirus pandemic, new European trade tariffs and mistrust of one of the most scrutinized brands in aviation.
Aon Launches Asia Pacific Capital Advisory Unit to support Re/insurers
“In the current environment, many Asia Pacific re/insurers are experiencing low growth, low underwriting margins and low investment income, while facing higher capital requirements due to regulatory and rating agency obligations,” said Rupert Moore, CEO of Japan for Reinsurance Solutions,, AON
Santam loses virus-linked test case for S. African insurers
The court agreed with the approach of the UK Financial Conduct Authority in settling business-interruption claims as a result of COVID-19 restrictions and ordered Santam to pay Ma-Afrika Hotels and Stellenbosch Kitchen for losses for an 18-month period, according to the judgment on Tuesday.